Introduction
Would you like to know more about online bank accounts? I mean, a
comparison of high-street banks? Or does the question really look more like
"which bank is best for bike insurance?"
When choosing a bank for bike insurance, the last thing you want to
do is make a rash decision. So, how can you tell if a bank is best for bike
insurance? You could compare interest rates, customer service reviews and other
factors - but there is a much easier way.
If you have a motorbike then it's probably an item you need to
insure. We look at which bank offers the best bike insurance deals to help you
find the policy that's best for you and your bike.
ICICI BIKE INSURANCE
What Is ICICI BIKE INSURANCE?
ICICI Lombard offers both bikes and scooters under its bike
insurance policy. Their policies come with an added benefit of accidental death
cover at no extra cost. They offer two different kinds of plans to customers:
Third Party Liability cover or Comprehensive cover. The former covers only
third-party liability while the latter covers both third-party liability as
well as damage to your own vehicle (excluding wear and tear).
The amount covered under third-party liability varies depending on
whether you choose comprehensive or third-party liability. For comprehensive
cover, ICICI Lombard offers coverage up to Rs 1 lakh for third-party liability
and Rs 50,000 for damage to your own vehicle (excluding wear and tear). The
price works out to be Rs 2,100 annually for comprehensive cover but only Rs
1,100 annually for the third party
ICICI Lombard Bike Insurance also offers additional features such
as an anti-theft cover and technical support. The policy has a premium of Rs 1,250
for the first year and then it increases by 10% every year.
Policies Of ICICI
ICICI has two policies:
Roadside assistance: This includes help in case you have to change
a tyre, have a flat tyre or run out of fuel. You can also call them if you run
into trouble while driving on the highway or getting stuck in traffic. They'll
also provide free car detailing on request, which is an added bonus!
Personal accident cover: This covers injuries sustained by yourself
or a family member who was riding a pillion when the accident occurred, as long
as they were wearing a helmet at the time.
Bajaj Allianz Bike Insurance
What Is Bajaj Allianz Bike Insurance
Bajaj Allianz Bike Insurance is the only comprehensive bike
insurance policy that gives you the widest coverage and multiple benefits
including a free personal accident cover of up to Rs 5 lakh.
Bajaj Allianz Bike Insurance is designed to give you comprehensive protection for your bike, keeping you safe and secure in all
kinds of unexpected events.
You can choose from three options to get an instant quote for your
motorcycle insurance:
Get an Auto Policy online: Get an auto policy online in less than
10 minutes by filling in the details on our website and submitting the form. The
policy will be issued within 24 hours of submission of documents at the branch
or post office.
Get an Auto Policy over the phone: Call us at our 24x7 Toll-Free
number 1800 102 3571 and we will assist you with buying a policy over the phone. A
sales executive will guide you through all the steps involved in getting your
bike insured.
Types of Bajaj Allianz bike insurance policies
Bajaj Allianz offers three types of bike insurance policies that
can be easily purchased online.
Bike owners can choose from an annual, half-yearly or monthly
premium payment plan. The policy covers only the bike and not any other vehicle
that is attached to it like a trailer or a sidecar. It also covers third-party
liability but not personal accident cover or any other add-on benefits such as
medical reimbursement, accidental death cover etc.
features of the Bajaj Allianz Bike Insurance
The following are some features of the Bajaj Allianz Bike
Insurance:
Covers third-party liability only;
Covers theft, fire and natural calamities;
Covers third-party legal liability up to Rs 50 lakhs;
Tata AIG bike insurance
The best bike insurance is an expensive one. But if you are a
biker, you will agree that nothing can be more important than having a quality
insurance policy to protect your beloved two-wheeler.
When it comes to insurance, Tata AIG bike insurance should be your
first choice. Why? Let us find out:
Comprehensive cover: The best bike insurance would cover all the
damages to the bike. It would also provide compensation for the injuries
sustained by the rider or pillion in case of an accident.
Full replacement value
Full replacement value: In case of theft or damage, you will get
full coverage on your bike in addition to the claim amount paid by the insurer.
This means that the full market value of your motorcycle will be paid by Tata AIG
bike insurance and not just its depreciated value as with other policies.
Free third-party cover
Free third party cover: This covers your liability towards third
parties due to an accident caused by you while riding your motorbike or
scooter on public roads.
Benefits of Tata AIG bike insurance
Tata AIG bike insurance offers various benefits to its customers
such as:
1. A wide range of bikes to choose from
2. Maintaining your bike’s records in one place
3.24x7 customer care service
Chola MS Bike Insurance
What is Chola MS Bike Insurance?
Chola MS bike insurance offers comprehensive, cost-effective and
easy-to-buy motorcycle insurance for all 2-wheelers. It is designed to protect
you from financial loss that can be caused by an accident or theft. Chola
MS bike insurance gives you peace of mind when riding your motorcycle.
Features Of Chola MS Bike Insurance
Cost-effective, easy-to-buy motorbike insurance
To keep your premium low we offer:
Protection against theft, third party liability and personal
accidents cover up to 1 crore
Roadside assistance in case of breakdowns or accidents with our
24x7 call centre service.
Conclusion
It's getting harder and harder to choose a bank these days. With so
many competing factors, it can be hard to figure out which is best.
Consumers should definitely do their research carefully before choosing a new
credit card, checking account, or bike insurance quote. Fortunately, there are
tools available like this guide that will help them with their decision. The
write-ups that follow should definitely be considered if you're in the market
for any of these products.
The high street banks don't give exclusivity to any
insurer. However, it doesn't look like there are any major price variations
either when you look at the same standard cover for a female in the 25-29 age
bracket. So, we'd suggest going with whichever bank you have joined for other
reasons, or simply choose the one which makes paying your premium easiest.
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